Under the 2005 Executive Incentive Compensation Plan, as amended and restated (the “2005 Plan”), the Company may grant up to 8,125,000 shares of common stock to be used as incentive awards. The 2005 Plan allows the Company to grant awards to key employees, including restricted stock awards, stock options, other stock-based incentive awards and cash-based incentive awards subject primarily to the requirement of continued employment. Awards under the 2005 Plan are available for grant over a ten-year period unless terminated earlier by the Board of Directors. The Company granted 406,743, 404,793, and 756,492 shares of restricted stock to employees in 2018, 2017 and 2016, respectively. No monetary consideration is paid to the Company by employees who receive restricted stock. The restricted shares vest ratably over three to five years. Restricted stock can be granted with or without performance restrictions.

Under the Company’s 2005 Non-Employee Directors’ Restricted Stock Plan, as amended and restated, incentive awards of up to 575,000 shares of common stock may be granted. Awards under this plan are available for grant over a ten-year period expiring March 31, 2025, unless terminated earlier by the Board of Directors. The Company granted 33,732, 27,696, and 53,274 shares of restricted stock in 2018, 2017 and 2016, respectively.

The Company recognized approximately $2.3 million, $2.2 million, and $1.7 million in non-cash stock compensation expense for restricted stock awards in 2018, 2017 and 2016, respectively.

The following summary presents information regarding restricted stock and restricted stock units for the three years in the period ended December 31, 2018:

								Average
				Weighted		Aggregate		Remaining		Unrecognized
				Average		Intrinsic		Vesting		Compensation
	Shares			Grant Date		Value		Period		Expense
	(000’s)			Fair Value		(000’s)		(months)		(000’s)
Balance at January 1, 2016		1,098		$	3.16
Granted		810			3.94
Restricted stock vested		(552	)		2.75
Forfeited		(7	)		3.28
Outstanding at December 31, 2016		1,349			3.64
Granted		432			6.77
Restricted stock vested		(482	)		3.62
Forfeited		(109	)		3.94
Outstanding at December 31, 2017		1,190			4.75
Granted		440			6.86
Restricted stock vested		(393	)		4.76
Forfeited		(225	)		4.54
Outstanding at December 31, 2018		1,012		$	5.72	$	1,821		23.2	$	3,076
Restricted stock units vested at December 31, 2018		134		$	2.56	$	240	N/A		N/A